Effective governance, financial markets, financial institutions & crises

Balasingham Balachandran, Barry Williams

Research output: Contribution to journalReview ArticleResearchpeer-review

6 Citations (Scopus)


This paper extends the work of Balachandran and Faff (2015) and reviews the literature on effective governance, financial markets, institutions, and crises. Specifically, we discuss the various monitoring mechanisms including independent directors, institutional investors, market for corporate control, and their effect on value creation. We further explore the important connection between the role of financial institutions as delegated monitors and the associated issues of bank governance, bank capital and systemic risk. Finally, our paper encompasses and highlights the papers featured in this special issue on the theme “Financial Markets, Institutions, governance and Crises”.

Original languageEnglish
Pages (from-to)1-15
Number of pages15
JournalPacific Basin Finance Journal
Publication statusPublished - 1 Sep 2018


  • Executive incentive
  • Firm value
  • Governance
  • Monitoring

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